Bank Nifty Weekly Forecast for RBI Policy

Last Week we gave Chopad level of 31300 Bank Nifty made low of 31142  on Monday and give us long entry and did all 2 target on Upside, so awesome week for chopad followers. Lets see how to trade in coming week as we has RBI Policy in coming week. High made on Friday was 31784 which gave a good short entry below 31700 Election day High as per Emotional High and Low concept of gann in below video

Bank Nifty Harmonic Pattern

Till we are holding 30561 Upgraded target 32000/32400/32753

Supply and Demand Analysis

Self Explanatory chart.

Planetary Cycles and Bank Nifty Movements

Bulls need to hold in case of gap down 31260 for a move back to 31500/31700/32000/32300/32700. Bearish below 31000 for a move back to 30810/30540/30265/30000.

Gann Angles

Bulls need to hold 31000 for June month for the rally to continue towards 32700. Bears will get active below 30560 only

Bank Nifty Gann Dates

Bank Nifty As per time analysis 04/07 June is Pressure date , impulsive move can be seen around these dates.

Bank Nifty Weekly

Now coming week Bulls need to move above 31260 for a move back to 31500/31700/32000/32300/32700. Bearish below 31000 for a move back to 30810/30540/30265/30000.

Bank Nifty Monthly

For June month 30561 should be watched in any decline will act as support zone.

 Bank Nifty Weekly Chopad Levels

Bank Nifty Trend Deciding Level:31260

Bank Nifty  Resistance: 31500,31725,31930,32256

Bank Nifty Support:31050,30810,30540,30265

Levels mentioned are Bank Nifty Spot

Let me go by Disclaimer these are my personal views and trade taken on these observation should be traded with strict Sl.Please also read the detailed Disclaimer mentioned in the Right side of Blog.

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